34 Companies Liquidated in Jaipur Region

The below list of companies which are under liquidation is an extract of only Public Limited companies in Jaipur Region, a more exhaustive list containing the list of companies outside Jaipur Region also including Private Limited companies is available on the website of The Ministry Of Corporate Affairs, I have restricted the list as we deal only with the Public Limited companies on this Website.

It is pertinent to note that the said list is updated only till 2008, apparently the Ministry is not in business thereafter. You will also notice that considerable time has elapsed from the date of Liquidation of some of these companies but hardly any company has disbursed the Liquidation proceeds to the shareholders till date.

To counter this situation, shareholders are requested to file application under RTI Act before the Ministry or the Official liquidator and obtained a detailed account of the disbursement of the Liquidation proceeds. Any shareholder holding shares of any such Company/Companies can file an application under RTI asking for the details of the liquidation proceeds of the company in which he is holding the shares. The procedure for filling an application under RTI Act is available on The Ministry of Corporate Affairs website.

I would appreciate if all the investors will do the same and also share the outcome which can be published on this Website.

OFFICE OF OFFICIAL LIQUIDATOR, JAIPUR

STATEMENT OF COMPULSORY WINDING UP FOR THE MONTH OF JUNE , 2008

Sl.No.

Name of the company (In Liquidation)

CompanyPetition No.

Date of winding-up orders passed by the Hon’ble Court..

Present legal position/status of the case.

01.

Pareek Commercial Bank Ltd.

1/1952

31.07.1952

The dividend to unsecured creditors was declared by advertisement only. No one came forward to claim the amount of dividend meanwhile notice from Income Tax Department was received. The steps to seek further directions from the court in this regard are being taken.

02.

Maharaja Kishangarh Mills Limited

3/1956

11.04.1958

03.

Udaibhan Industries Limited

2/1957

08.05.1969

04.

Maha Laxmi Colour Mfg.Company limited

7/1953

07.03.1969

05.

Naidoli Agro Industries Ltd.

4/1978

29.02.1980

06.

Jaipur Spinning & Weaving Mills Limited

10/1980

02.12.1983

07.

Standard Woollens Limited

02/1984

28.10.1985

08.

Rajasthan wooltex Limited

13/1986

18.09.1987

09.

India Electronics Limited

01/1985

25.08.1989

10

Aravali Ispat Limited

09/1988

22.12.1989

11

Bhilwara Wooltex Limited

12/1988

10.08.1990

12

Asup Synthetics & Chemicals Limited

20/1987

01.02.1991

13

Satsuvan Paper Mills Limited

18/1991

21.02.1992

14

Spintex Tubes & Cones Ltd.

03/1992

27.03.1992

15

Universal Computers Limited

02/1990

01.05.1992

16

Machhar Textiles Mills Limited

10/1991

17.08.1993

17

Rajasthan Jeevan Nidhi Sanchay Prabandh

01/1994

08.07.1994

18

Shree Shiva Spinners Limited

48/1999

29.01.1979

The possession of the factory and records lying at Abu Road have been taken.Inventory has been prepared. The Hon’ble Court has directed the Official Liquidator to handover the possession to RIICO which has been given. Case U/S. 542/543 filed on 22.02.2006 which is pending.

19

XLO United Clutch Products Limited

11/1995

02.12.1983

The winding-up order has been set aside by the court vide order dated 19.12.2005. The possession still to be given.

20

Lok Vikas Finance Corporation Limited

31/2000

13.01.1984

The possession of registered office and some branch offices have been taken.The Registrar of the Societies has also appointed administrator before winding-up orders and the matter is pending before the Hon’ble Court. Misfeasance U/S. 542/543 & 454 filed and pending.

21

Parakaram Technofab Limited

38/1999

23.08.1985

The possession of factory and records lying at Neemrana (Shajahanpur) Alwar have been taken.The assets has been sold. The claims have been invited and paid to secured creditors and workman. The case U/S. 454 & 542/543 filed and pending.

22

Mansinghka Oil Products Limited

03/2001

28.10.1985

Possession of assets have been taken. Assets have been sold. Claims have been invited.The claims filed are under examination. The case u/s. 454 & 542/543 filed and pending.

23

Unikol Bottlers Limited

15/1993

21.04.1986

Nothing has come in the hands of the Official Liquidator. The court receiver was appointed by the Hon’ble High Court of Mumbai before the date of passing winding-up order. The record has been taken over recently. Case u/s. 454 & 542/543 filed which are pending.

24

Rathi Alloys & Stteels Limited

36/2000

22.07.1988

Possession of assets have been taken. Soled the assets. 25% sale proceeds deposited rest amount shall be deposited within two months sale confirmed by the Hon’ble Court on 27.11.2007. Case u/s. 542 filed which is pending

25

Basera Cement Limited

38/2000

29.07.1988

Possession have been taken. The case u/s. 454 filed which is pending The plant & machinery have been sold and possession of plant & machinery have been given to purchaser.

26

Swastik House Leasing Limited

15/1999

05.05.1989

Only records have been received and there are no assets. Case U/S. 542/543 filed which is pending.

27

R.B.B.L. Industries Limited

30/1999

12.05.1989

The possession of the Assets have been taken. The application for sale moved the same has been allowed. The date for providing inspection of assets fixed on 11 & 12.09.2006 and tender has been invited but no tender etc. has been received.

28

C.V. Steels Limited

34/1998

25.08.1989

The assets of the company are under the possession of RIICO. The case u/s. 454 filed against the exmanagement for non filing the statement of affairs which is still pending in the court. The application for valuation moved and has been allowed by the Hon’ble Court. Now the date of valuation fixed for 24.12.2007.

29

Kishangarh Fabrics Limited

03/2002

03.11.1989

The possession of land & building has been taken . Plant & Machinery were sold by the exmanagement.

30

Pittie Cement & Industries Limited

06/99

22.12.1989

Possession is under DRT. The prosecution u/s. 454 has been launched against the ex-directors which is pending in the court. The possession is with DRT, Jaipur.

31

Pooja Granites & Marbles Limited.

11/1998

10.08.1990

The possession taken by High Court order 20.04.2006.

32

Triveni Greenery & Finlease India Limited

31/1998

17.08.1993

The possession could not be taken as nothing is found at the place. For whereabouts of ex-directors police authority has been asked by this office. But reply is still awaited.

33

Kesari Vanaspati Products Limited

28/20003

08.07.1994

The assets of the company under possession of Official Liquidator. The DRT has placed for auction of assets. The stay application filed by Official Liquidator is granted. The sale application filed by Official Liquidator is pending.

34

Aapka Bazar Jaipur Limited

26/2003

12.08.1994

The possession could not be taken due to non availability of office at given address. The notices issued to exdirectors received undelivered. Letters were also issued to the petitioners which have also returned back undelivered. For present whereabouts the police authority Jaipur/Delhi have also been requested. But no suitable reply received. It is known from the News Papers that the ex-directors are absconding.